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The Cyber Insurance Landscape Has Grown More Complicated

SecureWorld News

When considering adding a cyber insurance policy, organizations, both public and private, must weigh the pros and cons of having insurance to cover against harm caused by a cybersecurity incident. Having cyber insurance can help ensure compliance with these requirements. Can companies live without cyber insurance?

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New DHS Rules Aim to Enhance Visibility Across Critical Infrastructure

SecureWorld News

The draft rules propose broad criteria that could apply reporting duties to more than 300,000 organizations across critical sectors like energy, communications, healthcare, and more. Having clear definitions gives cyber insurers a way to work with critical infrastructure on underwriting decisions based on these guidelines," Gallagher noted.

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Building a Cyber Resilient Business: The Protection Layer

Webroot

Cybercrime is on the rise. billion to data breaches and cybercrime. billion to data breaches and cybercrime. This is all happening while companies are spending trillions digitizing their business operations and trying to obtain secure cyber insurance while keeping up with regulatory changes in GDPR, HIPAA, and Sarbanes-Oxley.

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Cybersecurity threats: what awaits us in 2023?

SecureList

We can therefore expect that cybercrime groups from either block will feel safe to attack companies from the opposing side. will lead more people to poverty, which always translates to increased criminality (cyber or otherwise), and we know ransomware to be extremely profitable. Some may even perceive this as their patriotic duty.

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Report: Cyberattacks drive 185% spike in health care data breaches in 2021

SC Magazine

Estimates show cybercrime will cause $6 trillion in global damages this year and is predicted to reach $10.5 Now as the healthcare industry gets some breathing room from the pandemic, another one is surging – cyberattacks,” Dan L. trillion, by 2025, a 75% increase. Dodson, Fortified Health Security CEO, said in a statement.

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U.S. Government Warning on Ransomware Payments: What Does It Mean?

SecureWorld News

This was not about the cybercrime itself, but instead, the regulatory trouble your organization could face for facilitating ransomware payments. The Treasury Department says it declares certain ransomware gangs and cybercrime groups as sanctioned for their actions. Ransomware groups may be sanctioned; paying could be trouble.

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Ransomware captures attention of business leaders, as losses become real

SC Magazine

In addition, having cyber insurance coverage in place does not guarantee an organization can recoup losses associated with a ransomware attack. Some 80% of respondents who paid a ransom say they experienced a subsequent attack.